Discount brokers or online brokers in India provide limited services to investors but are known for charging low brokerage rates from investors. Moreover, they provide various stock market investment-related services through their online web and application-based platforms which can be used for receiving necessary information and investment in stock market securities. There are various companies engaged in the provision of services as provided by discount brokers in India.
Top 5 discount brokers in India are listed below with their features and services:
- Wisdom Capital:
Rated as the highest and most popular discount brokers firm in India, Wisdom Capital offers various services including online and application-based trading platforms and the facility to pay zero brokerage for a lifetime. One can even open a Demat account combined with low maintenance costs and zero hidden costs associated with an investment in stock market securities. The company even provides customer care services that help investors as their grievances and problems are resolved with efficiency.
- IDBI paisa builder:
One of the leading discount brokers in India, IDBI paisa builders is a subsidiary of IDBI bank ltd offering various services like SIP investment plans and assistance in investing in mutual funds, etc. An individual can invest in stock market securities like shares, IPOs, mutual funds and other types of securities actively traded on the stock market. The company offers an online and application-based trading platform which an individual can use for receiving online stock market information and investment in stock market securities.
- Kotak Securities:
A wholly-owned subsidiary of Kotak Mahinder bank ltd, Kotak securities is one of the best discount brokerage companies in India. The company allows opening of 3 in 1 Demat, trading and bank account with the ability to invest in various types of stock market securities like shares, commodities and futures and options. The company has dedicated call centers and advisory services providing personnel covering major towns and cities of India.
A Discount Brokerage company based in Mumbai, RKSV provides professional and quality services which an individual can employ for making informed decisions in the Investment process. One can opt for monthly or yearly brokerage plans under which an individual has to pay a single amount monthly or yearly. The company charges ₹20 per transaction which low as compared to other firms and discount brokerage companies in India. The company even provides a service of trading for free up to the first five transactions which are unique as compared to other companies and firms in India.
Discount brokerage company offers various services and brokerage plans which an individual investor can choose from. The trading platform provided by the company is completely automated which proves to be of real convenience for investors and companies engaged in the Stock market investment business. Offering various types of unique investment and brokerage plans, CompositEdge is considered as one of the best discount brokerage company in India with an established brand name.
Discount brokers like 5paisa, Zerodha, SAS online and various other help investors with their services and assistance facilities. One can get information about the top 10 Discount brokers in India online for a selection of the best discount broker.